I know I have written already about pyramid scams and cited one case of Emgoldex, which is now under investigation, but since then, so many other clones of pyramid schemes have cropped up.
The latest one being investigated is OneDream Marketing headed by a certain Arnel Gacer who, as of this writing, could not be located by the authorities. Similar to previous pyramid schemes that SEC had warned about, One Dream people allegedly offered investment slots of PhP 888 with an exit or pay-out promise of PhP 1,300 after 4 days. A PhP 1,776 investment slot would result in a pay-out of PhP 2,517.60 and so on. Investors were also promised PhP 44 per investment slot for each recruit or direct referral they bring in.
Continue reading “Investment Scams are Proliferating. Be Careful!”